PHILIPPINE OFFSHORE BANKING UNITS
Financial Highlights
As of End Periods Indicated
(In Million US Dollars)
                 
          End-June Increase/(Decrease)
Balance Sheet 2004 2005 Amount % Change
  Total Assets       807.74 1,290.97        483.23 59.82
  Notes and Coins on Hand           0.04 0.01          (0.03) (75.00)
  Due from Banks       385.76 155.92      (229.84) (59.58)
  Outside the Philippines       245.44 34.46      (210.98) (85.96)
  Head Office/Branches       219.34 33.91      (185.43) (84.54)
  Other Banks         26.10 0.55        (25.55) (97.89)
  In the Philippines       140.32 121.46        (18.86) (13.44)
  Investments in Bonds & Other Securities       249.61 482.96        233.35 93.49
  Non-Residents       239.71 444.37        204.66 85.38
  Residents           9.90 38.59          28.69 289.80
  Loans and Discounts to Customers Other Than Banks       236.47 663.51        427.04 180.59
  Non-Residents         23.49 367.49        344.00        1,464.45
  Residents       212.98 296.02          83.04 38.99
  Public Sector         26.46 26.27          (0.19) (0.72)
  Private Sector       186.52 269.75          83.23 44.62
  All Other Asets         21.24 21          (0.24) (1.13)
  Less:  Allowance for Probable Losses         85.38 32.43       (52.95) (62.02)
  Total Liabilities       807.74 1,290.97        483.23 59.82
  Deposits of Non-Residents Other than Banks         22.05 18.99          (3.06) (13.88)
  Demand/Current Accounts           5.97 7.71            1.74 29.15
  Time Deposits         16.08 11.28          (4.80) (29.85)
  Due to Banks       764.98 933.06        168.08 21.97
  Outside the Philippines       761.30 927.67        166.37 21.85
  Head Office/Branches       579.14 746.5        167.36 28.90
  Other Banks       182.16 181.17          (0.99) (0.54)
  In the Philippines           3.68 5.39            1.71 46.47
  Other Liabilities         20.71 338.92        318.21        1,536.50
          Jan to Jun Increase/(Decrease)
          2004 2005 Amount % Change
Income Statement  
  Operating Income 8.14 11.01 2.87 35.27
  Net Interest Income 2.54 4.30 1.76 69.10
  Interest Income 24.95 21.91 (3.04) (12.19)
  Interest Expense 22.41 17.61 (4.80) (21.42)
  Other Operating Income 5.60 6.71 1.11 19.89
  Operating Expenses 6.13 7.73 1.60 26.12
  Provision for Probable Losses (0.07) 0.78 0.84        1,258.21
  Other Expenses 3.18 4.64 1.46 45.77
  NET INCOME BEFORE TAX 2.01 3.20 1.19 59.12
  Provision for Income Tax .. 0.08 0.08        4,050.00
  NET INCOME AFTER TAX 2.01 3.20 1.19 59.12